Great opportunity in Greater Houston, 4555 sq. ft. building backs to beautiful reserve area. Fully leased, but no long terms so easily convertible to new leases and businesses. These are the original owners, built the building in 1991.  NOT FLOODED.

NEED ADDRESS ?? SIGN commission protection agreement

For Sale

Price $599k
Price/SF$142.70
Cap Rate 9%
NOI $53,755
Sale Type Investment
Status Active

Building

Type 3 Star Retail Storefront
GLA 4,555 SF
Stories 1
Typical Floor 4,555 SF
Tenancy Multi
Taxes$2.99/SF (2016)
Walk Score®Somewhat Walkable (56)
Transit Score®Minimal Transit (0)

Land

Land Acres 0.41 AC
Bldg FAR 0.26
Land SF 17,844 SF
2016 Assessment
Improvements
Land
Total Value
 $363,790
 $113,880
$477,670
 $79.87/SF
 $6.38/SF
$26.77/SF
Current
YOY Change

Vacancy Rates

Current Building
0.0%
17.0%
Submarket 2-4 Star
3.6%
0.7%
Market Overall
5.4%
0.6%

NNN Asking Rents Per SF

Submarket 2-4 Star
$11.59
4.8%
Market Overall
$16.55
4.1%

Submarket Leasing Activity

12 Mo. Leased SF
103,203
24.5%
Months on Market
12.0
4.3 mo

Submarket Sales Activity

Current
Prev Year
12 Mo. Sales Volume (Mil.)
$3.7
$5.2
12 Mo. Price Per SF
$489
$242

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